Business

Trump to lawmakers: cut health mandate, top tax bracket

Reuters: WASHINGTON (Reuters) - U.S. President Donald Trump urged lawmakers on Monday to slash the top tax rate paid by the wealthy and end the Obamacare individual healthcare mandate, even as he praised their work so far on tax reform in the Republican-controlled Congress.

Members of the U.S. House of Representatives and Senate were debating their respective plans this week before heading home for the U.S. Thanksgiving Day holiday.

Republicans are aiming to achieve a significant overhaul of the U.S. tax code and hand Trump his first major legislative victory. The two chambers hope to resolve their differences in time to enact the legislation by the end of the year.

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